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	1403 E. Fayette during rehab 6-29-06

Eaglewood East

Housing Visions and the Syracuse Veterans Administration Medical Center are partnering together to make the Eaglewood East project a success. The VA Medical Center will provide housing referrals and supportive services for 15 of the 26 units to qualified homeless veterans.

Eaglewood East involves the gut rehabilitation of 4 existing residential buildings, the new construction of 4 multi-unit buildings and the complete demolition of two buildings with corresponding new construction of 1 building.

By rehabilitating existing deteriorated residential structures and filling a void with new construction, Eaglewood East will enhance and continue the revitalization of the neighborhood, building upon the success of previous Housing Visions & other community projects while encouraging other non-assisted development.

Three of the newly constructed buildings with 13 1-bedroom and 2 2-bedroom housing units will be reserved to provide permanent housing to the homeless population, giving preference and supportive services to veterans. The remaining units will help satisfy the quality affordable needs of larger families with 8 3-bedroom, and 3 4-bedroom units.

The project will remain affordable for 45 years with compliance being monitored by Housing Visions Unlimited, Inc. HVU will purchase the buildings from Eaglewood East, LLC at the end of the initial 15-year LIHC compliance period. Six of the nine buildings will then be sold to qualified residents. The tenant/buyer will be held to the Regulatory Agreement for the remainder of the 45 year Regulatory Period.

News Links

Eaglewood East Project - 2/8/2005

Eaglewood East Ground Breaking - 4/20/2006

Funding Sources

Source	Purpose
KeyBank National Association	Construction Loan
Key Community Development Corp.	equity for Low Income Housing Tax Credit
NYS Office of Temporary and Disability Assistance	Homeless Housing & Assistance Program (HHAP) loan
City of Syracuse	HOME loan
Housing Visions Unlimited, Inc.	equity

Development Team

Housing Visions Unlimited, Inc. VA Medical Center C. Lewis Tomaselli Architects Housing Visions Construction Co., Inc. Green & Seifter Attorneys, PLLC Green & Seifter Certified Public Accountants, PLLC Key Bank National Association Key Community Development Corp.

Rents

1306 E. Fayette during construction 7-19-06

Rents do not include utilities and are below market rent.

Bdrm Size	# of Units	AMI	Rent range
1	6	30%	$175
	7	40%	$275
2	1	30%	$210
	1	40%	$320
3	4	50%	$480
	4	60%	$575
4	1	50%	$540
	2	60%	$630
Total Eaglewood	26

Income Requirements (Maximum)

Family Size	Max 30%	Max 40%	Max 50%	Max 60%
1	12,060	16,080	20,100	24,120
2	13,770	18,360	22,950	27,540
3	15,510	20,680	25,850	31,020
4	17,220	22,960	28,700	34,440
5	18,600	24,800	31,000	37,200
6	19,980	26,640	33,300	39,960
7	21,360	28,480	35,600	42,720
8	22,740	30,320	37,900	45,480
9	24,120	32,160	40,200	48,240
10	25,500	34,000	42,500	51,000

Features

• Individually designed homes
  • Multi-family housing for 1 to 5 families, 1-4 bedrooms.
  • Unique designs, flats and townhouse styling.
  • Many with porches and all with off street parking.
• Quality units
  • Use of durable materials, bright floor plans.
• Convenient location
  • Walking distance to stores and businesses. On or near bus lines. Easy access to Routes 690 and 81. Convenient to city hospitals, downtown and Lexington and Thornden Parks.
• Laundry facilities
  • In basements or washer/dryer hook-ups within apartments
• Maintenance service
  • emergencies call (315) 634-3633 when the office is closed
• Resident organization
• Neighbors that care
  • Neighborhood Watch, Tomorrow’s Neighborhoods Today, Westcott Community Center, the Learning Center, P.E.A.C.E., Inc.
  • Churches

Management

Managed by:

Housing Visions Unlimited, Inc. 1201 E Fayette St Syracuse NY 13210 (315) 472-3820 (315) 471-3921 facsimile admin@HousingVisions.org Office hours: 8:30-5:00 Monday through Friday

Residents

Maintenance emergencies call (315) 634-3633 when the office is closed.

Syracuse east side residents can actively be involved with the policies of Housing Visions Unlimited, Inc. Five spaces are reserved on the Board of Directors for leaders of the resident organization.

 

A Tenant Buy-Out plan has been arranged for the future sale of the buildings to the residents.
Download our Tenant Buy-Out booklet to learn more >> (pdf)

Housing Applicants

Want to learn more? Download our applicant booklet >> (pdf)

We are interested in renting our quality homes to households who take an interest in where they live. Are you a qualified candidate? Complete the downloadable housing application and bring it in to our office with the items listed. Your completed application will be processed in order of date received.